How Iceland's Financial Meltdown Wound Up in British Soccer, Midfield

Perhaps the most formidable and devastating soccer opponent has taken the field in the United Kingdom. It's the global financial crisis, and it has quite a kick.

England's Premier League, which includes the country's most storied teams, is getting hit by a number of global problems. Teams have piled on debt in recent years. The league includes teams that are owned by tycoons from Iceland, the U.S. and Russia, and some of...